AGT Food and Ingredients Inc. (T:AGT)

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Business Focus: Food Processing

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Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 6200 E Primrose Green Dr
Tel: N/A
IR: See website
Key People
Huseyin Arslan
Executive Chairman of the Board
Murad Al-Katib
President, Chief Executive Officer, Director
Howard N. Rosen
Vice Chairman of the Board, Lead Independent Director
Lori Ireland
Chief Financial Officer
Gaetan Bourassa
Chief Operating Officer
Business Overview
AGT Food and Ingredients Inc. (AGT), formerly Alliance Grain Traders Inc., is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey. AGT operates a retail packaged foods business, including packaged pasta under the Arbella brand name, and a retail business unit in Canada, offering various food products under the CLIC brand.
Financial Overview
For the three months ended 31 March 2018, AGT Food and Ingredients Inc revenues decreased 21% to C$394.6M. Net loss decreased 21% to C$5.1M. Revenues reflect Pulses and grains processing segment decrease of 32% to C$216.8M, Trading and Distribution segment decrease of 28% to C$133.5M, Europe/Middle East/North Africa segment decrease of 27% to C$208M, Pacific Rim segment decrease of 43% to C$78.4M.
Employees: 2,100 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $1,001M as of Mar 31, 2018
Annual revenue (TTM): $1,609M as of Mar 31, 2018
EBITDA (TTM): $43.10M as of Mar 31, 2018
Net annual income (TTM): -$35.56M as of Mar 31, 2018
Free cash flow (TTM): -$94.25M as of Mar 31, 2018
Net Debt Last Fiscal Year: $507.24M as of Mar 31, 2018
Shares outstanding: 24,236,536 as of Mar 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization